Active Listing  ·  58 days on market

11502 Cherry Hearst Ct

Austin, TX 78750
$715,000
4 Bed 3 Bath 2,157 sqft $331/sqft Built 1987 0.39 acres 2-Car Garage Pool Tanglewood Estates

Tucked into a quiet cul-de-sac in Anderson Mill, this well-maintained 4-bed, 2.5-bath home offers a functional layout with multiple living and dining options. The main living area features high ceilings, a fireplace, and natural light, connecting to a practical kitchen with ample cabinet space. The home includes two dining areas and an upstairs loft that works well as an office, playroom, or second living space. All bedrooms are well-sized, and the primary suite is located on the main floor for added privacy. The backyard includes a deck overlooking the greenbelt, with no rear neighbors, offering usable, private outdoor space. The home is minutes from parks, trails, shopping, and major employers.

At $331/sqft, this home is 15% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11502 Cherry Hearst Ct, Austin, TX 78750

Property Details

Price $715,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,157 sqft
Lot Size 0.39 acres (16,966.62 sqft)
Year Built 1987
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tanglewood Estates
County Travis
Zip Code 78750
$/sqft $331/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $14,649.66
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT234137915
List Date June 7, 2026
Elementary School Spicewood
Middle School Canyon Vista
High School Westwood
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
26 Maybury Way
Rough Hollow Condos
$715,000 $397 3 bd / 3 ba 1,800 sqft , 2026-03-11
6913 Auckland Dr
Circle C Ranch
$715,000 $341 3 bd / 2 ba 2,094 sqft , 2026-06-02
5501 Coventry Ln
Royal Oak Estates Sec 01
$715,000 $345 5 bd / 2 ba 2,070 sqft , 2026-07-17
11613 Reading Ct
Avery Ranch Far West Sec 6
$714,900 $248 4 bd / 3 ba 2,878 sqft , 2026-05-01
712 E 44th St #A
Caswell Place Condo
$714,900 $348 4 bd / 3 ba 2,052 sqft , 2026-06-02

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$3,432/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$143,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$3,432
Principal + Interest−$3,902
Property Tax (~2.1% TX avg)−$1,251
Insurance (~0.5%)−$298
Est. Monthly Cash Flow $-2,019

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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